Metkore Alloys & Industries has informed that the Government of Andhra Pradesh vide its GO dated February 25, 2016 extended power cost reimbursement at Rs 1.50 per unit for Ferro Alloys Industries in Andhra Pradesh for one year from the financial year 2016-17, as a special case, which will be a great relief to the Company, in particular and Ferro alloys industries, in general. The Company is planning to commence its operations shortly.
The above information is a part of company’s filings submitted to BSE.